Business News

  • Tesla Readies for Model 3 by Adding Repair Vans
    As Tesla begins a launch of its first mass-market car, the company said it plans to triple its capacity to repair vehicles, adding 1,400 technicians, dozens of new service centers and hundreds of maintenance vans.
  • Questions Posed in Startup Funding Suggest Gender Bias
    Women entrepreneurs receive a tiny fraction of venture capital funds, and new research points to a surprising reason why: the questions investors ask female founders.
  • Who's Reading Employees' Online Reviews? Their CEOs
    Career websites like Glassdoor have become regular reading for job seekers. Now chief executives are increasingly perusing their online reviews to find out what employees think of them—to evaluate policies and even to talk back.
  • The $3 Peanut-Butter Club? Startup Tests Power of Brands
    Brandless, an e-commerce startup, is betting shoppers would rather pay $3 for generic versions of household staples rather than buy Colgate, Heinz and other big-name goods.
  • Trump to Nominate Randal Quarles as Fed Bank Regulator
    President Donald Trump plans to put his first mark on the Federal Reserve by nominating Randal Quarles, an investment-fund manager and former Republican Treasury official, to be the central bank’s top official in charge of regulating big banks.
  • Higher Prices Boost PepsiCo Results
    PepsiCo said its second-quarter sales and earnings rose as the beverage and snack maker continued to offset weak demand in North America with higher prices.
  • Bertelsmann Makes Big Bet on the Old-Fashioned Book
    Bertelsmann is upping its stake in publisher Penguin Random House to 75%, giving the German media titan increased control over one of the top prizes in the book business as it bets hundreds of millions of dollars more on the future of print.
  • Wanda to Lend Borrowed Billions to Sunac to Close Deal
    Dalian Wanda’s sale of its theme parks and hotels to developer Sunac China Holdings has an unusual twist: Wanda is helping Sunac finance almost half of the deal.
  • U.S. Prepares to Act Alone Against North Korea
    The Trump administration is moving toward unilaterally tightening sanctions on North Korea, targeting Chinese companies and banks Washington says are funneling cash into Pyongyang’s weapons program.

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